Post Utme Summit University 2018 Commerce Question 15

Practice objective / multiple choice question 15 from the 2018 Post Utme Summit University Commerce examination.

Post Utme Summit University 2018 Commerce Objective / Multiple Choice
Question 15 POST_UTME_SUMMIT_UNIVERSITY • 2018 • COMMERCE • objective

A company has a foreign exchange rate of 1 USD = ₦500. If the company wants to purchase 100 USD, how much will it cost in Nigerian naira?

Answer Options

A. ₦50,000
B. ₦50,000,000
Correct Answer C. ₦500,000
D. ₦50,000,000,000
Correct Answer
C
Correct Option:
₦500,000

About This Question

This is Post Utme Summit University 2018 Commerce Question 15. It is one of the objective questions from the 2018 Post Utme Summit University Commerce examination.

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